News article

FTSE 100 up 1.2%

FTSE 100 up 1.2%
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The FTSE 100 has increased by 1.2 per cent this morning (October 13th).

According to Reuters, the leading index on the British stock exchange rose by 69.66 points at 5,731.25 after closing at 0.2 per cent at 5,661.59 yesterday.

The news provider added that the figures - which were helped due to positive economic data from Asia overnight - were equivalent to highs seen at the end of April.

Among the good news were Japanese machinery orders increasing more than expected, as well as a 27-month top rate for copper.

What's more, the chances of further quantitative easing (QE) in the US may have also led to improvements for the FTSE.

David Morrison, market strategist at GFT Global, said that following the Federal Open Market Committee minutes there is "little doubt" that QE will probably happen at the next meeting.

This news comes after the FTSE 100 was down yesterday morning by 1.2 per cent at 5,603.44 following the UK consumer price index inflation remaining at 3.1 per cent.

Posted by Greg Secker ADNFCR-1681-ID-800113421-ADNFCR